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Friday, September 20, 2024

Karnataka Project Bid Win Sends GR Infraprojects’ Shares Up 3%

GR Infraprojects’ stock price rose 3% on the stock exchange after the company emerged as the lowest bidder for a prestigious project in Karnataka. The project, valued at ₹1,841.42 crore, involves the construction of a 6-lane highway stretch, further solidifying GR Infraprojects’ position as a leading player in the infrastructure development space.

The company’s successful bid was the lowest among five bidders, showcasing its competitive edge and expertise in the sector. This significant win is expected to boost GR Infraprojects’ order book and reinforce its growth trajectory, driving investor confidence and optimism.

GR Infraprojects has established itself as a trusted name in infrastructure development, with a strong track record of delivering complex projects efficiently. The company’s commitment to quality and innovation has earned it a reputation as a reliable partner for government and private sector clients alike.

With this latest win, GR Infraprojects is poised for continued success, leveraging its expertise and experience to drive growth and expansion in the infrastructure sector.

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